Cement News tagged under: international
Grasim cement Sept despatches up05 October 2004, Published under Cement NewsGrasim Industries has reported a year-on-year increase of 12.63 per cent in cement despatches for the month of September 2004, while its new group company UltraTech Cement has reported a 4.33 per cent decline in despatches for the same month. At Grasim, despatches for the month stood at 1.162Mt; while at UltraTech despatches amounted to 1.245Mt Cement production at Grasim rose 6.35 per cent during the month to 1.103Mt, while production at UltraTech declined 4.44 per cent to 893,000t. F... |
Cemex faces complaints over proposed RMC purchase04 October 2004, Published under Cement NewsCemex that last week made a UK£2.3bn bid to buy Britain’s RMC, is to face a complaint about the alleged anti-competitive nature of its business practices. Comercio para el Desarrollo Mexicano (CDM) will this week hand a dossier to Mexico’s Federal Competition Commission. This will contain sworn affidavits from a number of the country’s largest cement wholesalers claiming that a small group of cement groups monopolise the Mexican market. For the past 72 days, the ship chartered by CDM, the ... |
Grasim Industries Sept sales04 October 2004, Published under Cement NewsGrasim Industries Ltd, India’s largest cement maker by capacity, sold 1.16Mt of cement in September, up 12.63 per cent on the year, according to a company statement. Production rose 6.35 percent to 1.10Mt. Combined sales of cement and clinker at Ultratech Cement Ltd. were 1.245Mt, down 4.33 per cent from a year earlier. |
Swiss Sika to buy concrete additives business04 October 2004, Published under Cement NewsSwiss specialty chemicals company Sika AG will buy the concrete additives business of Swedish Cementa AB for an undisclosed sum, Sika said on October 1, 2004. The unit generates 18 mln Swedish crowns (Euro2.0m) annual sales, Sika added. Cementa AB is owned by German building materials producer HeidelbergCement, which is focusing on core businesses and has been seeking to sell off the unit for several months. |
KHD builds solid foundations in China04 October 2004, Published under Cement NewsGermany’s KHD Humboldt Wedag is to expand their mainland Chinese presence. KHD has done business in China for years but is now establishing a joint venture, which it will announce later this year. The company hopes the venture will serve as the foundation of a manufacturing base in the China market. This is part of a global strategy the company has followed since the late 1960s. "Whatever we sell to clients, we have it manufactured at a location that is best for transportation and cost... |
One giant leap for Mexican cement04 October 2004, Published under Cement NewsWhy should Cemex offer US$4.1 billion for RMC? Indeed as much as US$5.8 billion if you add in RMC’s debt? True, Cemex is to borrow all that $5.8 billion—but that means more than doubling its own debt, quite a change of tone from a company which on September 12th told the markets it expected to cut its debt by $900m in the first nine months of 2004. Little wonder the ratings agencies and stockmarkets have been less than pleased (notes the Economist magazine in the UK). Cemex’s own answer ... |
Cement makers cut output on building slump01 October 2004, Published under Cement NewsSsangyong Cement and other major South Korean cement makers have cut production as inventories pile up amid a slump in construction spending, company officials said on Friday. Ssangyong Cement Industrial Co. Ltd, the country’s largest cement maker, has shut two of its production lines since September 25 for nine days’ maintenance work, said company spokesman Park Joong-seok. Second-ranked Tong Yang Cement Corp., almost wholly owned by Tong Yang Major Corp, has recently closed two of its se... |
Happiness is a cement factory01 October 2004, Published under Cement NewsPretoria Portland Cement Cement manufacturing giant PPC is challenging the perception that employee satisfaction is limited to the service industries. With the majority of its 3000 employees engaged in heavy industrial work, having to cope with the stench of cement-making chemicals and the loud noise of plant machinery, PPC has found success with its people-based management approach (reports The Financial Mail). The group claimed a top-10 position in the 2003 Best Company To Work For compet... |
Vichai denies debt buy reports01 October 2004, Published under Cement NewsVichai Thongtaeng of Phayathai Hospital Group, said he has no plans to buy debt owed by Thai Petrochemical Industry Plc (TPI), Southeast Asia’s largest petrochemical maker, and that he is not a nominee of Prime Minister Thaksin Shinawatra in investing in any company. Vichai represented Thaksin in a battle against the scrutinisation of his assets back in 2001 and may be needed again as the premier’s popularity has now dramatically declined due to various scandals and his dictatorial style of... |
CBC rejects TPIPL’s debt extention bid01 October 2004, Published under Cement NewsThe Central Bankruptcy Court yesterday rejected debt-ridden cement maker TPI Polene Plc’s request for an extension of its business rehabilitation timeframe by another year, requiring the company to revise the details of its business plan before seeking additional time. TPIPL requested that the its rehabilitation plan be extended by one year with an expiry date in December 2005, from the previously set deadline in December this year. According to legal advisor to TPIPL Chavalit Atthasart... |